Asian markets rise on rate hopes

Asian markets rose Wednesday (Nov 23) but traders flitted between hopes for a halt in sharp US interest rate hikes and concern that a surge in China’s Covid cases will see officials impose more painful lockdowns.

Wall Street enjoyed a timely rally thanks to healthy retailer earnings and ahead of the holiday shopping season that starts this week, amid signs US consumers — the economy’s key driver — remain resilient to higher borrowing costs and inflation.

A string of data in recent weeks suggests the US Federal Reserve’s long-running monetary tightening campaign is beginning to bite as parts of the economy slow, giving heart to investors who see that as giving officials room to tone down their hawkishness.

Fidelity Asian Values Plc (LON:FAS) provides shareholders with a differentiated equity exposure to Asian Markets. Asia is the world’s fastest-growing economic region and the trust looks to capitalise on this by finding good businesses, run by good people and buying them at a good price.

Click to view all articles for the EPIC:
Or click to view the full company profile:
Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Fidelity International

More articles like this

Fidelity Asian Values

Asia stocks close strongest month since January

Asian stocks rose on Thursday to clock their strongest performance in 10 months, as investor sentiment warmed on a relatively benign global interest rates outlook and signs of economic recovery. Europe and Wall Street are also set to

Fidelity Asian Values

Asian stocks hit one-week highs as US dollar sinks

According to Yahoo News, Asian stocks briefly hit one-week highs on Wednesday, while bonds rose and the US dollar sank on fresh signs of possible US interest rate cuts. The New Zealand dollar jumped after its central bank

Fidelity Asian Values

The Asia opportunity – looking for smarter growth

Asia has been on a remarkable journey in the past few decades. The most notable aspect has been the emergence of China. Thirty years ago, there were just a handful of listed companies in China; now it is

Fidelity Asian Values

Asia markets strengthen ahead of Biden-Xi talks

Asia-Pacific markets rose on Tuesday as investors look ahead to highly anticipated talks between the U.S. and China as well as more economic data. U.S. President Joe Biden and China’s President Xi Jinping’s will meet in-person in San Francisco

Fidelity Asian Values

Asian stocks surge as Fed rate hike bets recede

Most Asian stocks rose sharply on Monday as weaker-than-expected U.S. payrolls data furthered expectations that the Federal Reserve was done with its rate hike cycle, while focus also turned to upcoming economic readings from China.  Regional stocks have

Fidelity Asian Values

Asian stocks rally tracking Wall St strength

Most Asian stocks rose sharply on Friday, encouraged by strength on Wall Street and increased bets that the Federal Reserve was done with its run of interest rate hikes, although focus still remained on key U.S. payrolls data

Fidelity Asian Values

Asian stocks rise ahead of Fed decision

Asian stocks edged higher on Wednesday ahead of a keenly awaited policy decision from the Federal Reserve later in the day, while the yen was stuck near one-year lows against the dollar as Tokyo ramped up intervention warnings.

Fidelity Asian Values

Asian shares mostly rise

Shares mostly rose Tuesday in Asia after Wall Street wobbled to a mixed close as yields on U.S. Treasury bonds fell back after creeping above 5%. Benchmarks rose in Tokyo, Sydney, Seoul, Shanghai and Taiwan, but fell in

Fidelity International

Fidelity Asian Values 12.8% NAV annual growth outperforms index

Fidelity Asian Values plc (LON:FAS) has announced its monthly summary for September 2023. Portfolio Manager Commentary The Trust’s NAV rose 12.8% during the 12-month period ended 30 September 2023, outperforming its reference index which rose by 11.2%. The

Fidelity Asian Values

Stocks rise with earnings in focus

Stocks edged higher and bond prices slid on Tuesday as markets continued to retrace last week’s moves to safe-haven assets, focusing on corporate earnings prospects and the resilience of the U.S. economy rather than tensions in the Middle

Fidelity International

Fidelity Asian Values Annual Report 2023 (LON:FAS)

Fidelity Asian Values plc (LON:FAS) has announced its final results for the year ended 31 July 2023. Financial Highlights: CHAIRMAN’S STATEMENT This is my last Annual Report for the Company, having served as your Chairman for nine years

Fidelity Asian Values

Asian stocks rally amid dovish Fed signals

Asian stock markets experienced a surge on Wednesday, while the dollar took a step back as traders adjusted their U.S. interest rate expectations following a dovish shift from Federal Reserve officials. However, all eyes remain on the U.S.

Fidelity Asian Values

South Asia to grow by nearly 6% this year

South Asia is expected to grow by 5.8 percent this year, making it the fastest-growing region in the world even as the pace remains below pre-pandemic levels, the World Bank said on Tuesday. The latest South Asia Development

Fidelity Asian Values

Asia-Pacific economies to still see growth this year

Amid a backdrop of weaker global trade and higher interest rates, economies across the Asia-Pacific region are poised for resilient growth in 2023, although weaker than in 2022. In its latest Asia Pacific’s economic outlook update, S&P Global

Fidelity Asian Values

How high speed rail is transforming Asia’s economic potential

It was the inauguration of the Shinkansen “bullet train” in the 1960s that arguably kicked off the high-speed rail revolution, representing a triumphant economic achievement for Japan that helped it return to the international fold following the turbulence

Fidelity Asian Values

China stimulus helps Asian stocks trade higher

New stimulus from China helped Asian stocks trade higher on Thursday as concerns over economic growth in the world’s second-largest economy remain in focus. Hong Kong’s Hang Seng Index rose 0.2%, with the Shanghai Composite finishing 0.1% higher.

No more posts to show